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490 W 4th Ave 490 W 4th Ave 5 Unit Apartment Building $680,000 ($136,000/Unit) Eugene, OR 97401
Investment Highlights
- Great Walk Score
- Currently Rented
- Development Opportunity
Executive Summary
Unique development opportunity in downtown Eugene. Seller has preliminary plans drawn for a 20 unit apartment or up to a 69 unit single room occupancy complex. Drawings can be provided upon request. Package deal can be made if 490 W 4th ave is also purchased with 427 Washington for $680k. Great walk & bike-score! Near The Owen Rose Garden, Downtown Shops, Whiteaker Breweries, the Willamette River, and more! There is so much to see & do in the heart of Eugene. These properties also make great long-term rental investments with the current tenants. Lots are .08 and .1 respectively.
or buy 427 Washington for $355k for 490 W 4th Ave for $325k
or buy 427 Washington for $355k for 490 W 4th Ave for $325k
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$51,680
|
$17.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$51,680
|
$17.23
|
| Taxes |
$4,858
|
$1.62
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,858
|
$1.62
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $51,680 |
| Annual Per SF | $17.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $51,680 |
| Annual Per SF | $17.23 |
| Taxes | |
|---|---|
| Annual | $4,858 |
| Annual Per SF | $1.62 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,858 |
| Annual Per SF | $1.62 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $800.00 | 602 - 6,115 |
| 2+1 | 2 | $1,050 | 900 - 962 |
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (100)
Property Taxes
| Parcel Number | 0256485 | Total Assessment | $139,192 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $4,858 ($1.62/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
0256485
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$139,192 (2025)
Annual Taxes
$4,858 ($1.62/SF)
Tax Year
2024
Contact
-
Kit Sixel -
Sixel Real Estate Inc
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